PINJAMAN BANK JANGKA PENDEK lanjutan SHORT-TERM BANK LOANS continued

PT KRAKATAU STEEL PERSERO Tbk DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN INTERIM Pada Tanggal 31 Maret 2014 dan 31 Desember 2013 Disajikan dalam ribuan Dolar AS dan dalam jutaan Rupiah, Kecuali Dinyatakan Lain PT KRAKATAU STEEL PERSERO Tbk AND SUBSIDIARIES NOTES TO INTERIM CONSOLIDATED FINANCIAL STATEMENTS As of March 31, 2014 and December 31, 2013 Expressed in thousands of US Dollar and in million Rupiah, Unless Otherwise Stated 86 15. PINJAMAN BANK JANGKA PENDEK lanjutan 15. SHORT-TERM BANK LOANS continued Perusahaan The Company PT Bank CIMB Niaga Tbk Bank CIMB Niaga PT Bank CIMB Niaga Tbk Bank CIMB Niaga Perusahaan mendapatkan fasilitas Letter of Credit Import sebesar US150.000 dimana bersifat switchable menjadi fasilitas kredit modal kerja. Perusahaan dengan persetujuan bank dapat menarik pinjaman tersebut dalam mata uang Rupiah. Fasilitas kredit ini akan berakhir tanggal 19 Februari 2015. The Company obtained a Letter of Credit Import facility amounting to US150,000 that switchable to become working capital loan facility. The Company, with the approval from the bank, is allowed to withdraw the loan in Rupiah. This loan facility will expire on February 19, 2015. Fasilitas kredit modal kerja dikenakan bunga tahunan masing-masing sebesar 8,5 dan 8,25 untuk Rupiah dan 6,0 untuk Dolar AS pada tahun 2014 dan 2013. Saldo terutang atas fasilitas kredit modal kerja sebesar Rp827.220 dan Rp100.000 pada tanggal 31 Maret 2014 dan 31 Desember 2013. Sedangkan saldo terhutang atas fasilitas LC Impor sebesar US57.380 pada tanggal 31 Maret 2014. The working capital loan facility bears annual interest at 8.5 and 8.25 for Rupiah and 6.0 for US Dollar in 2014 and 2013, respectively. The outstanding payables related to working capital facility amounted to Rp827,220 and Rp100,000 as of March 31, 2014 and December 31, 2013. While the outstanding payables related to LC Import facility amounted to US57,380 as of March 31, 2014. Fasilitas ini dijamin dengan bangunan dan hak tanggungan atas tanah dengan sertifikat Hak Guna Bangunan “HGB” No. 876 milik Perusahaan seluas 315.380 m2 yang terletak di Kecamatan Pulo Merak, Cilegon dengan nilai penjaminan sebesar US24.000 Catatan 13. This facility is secured by the Company’s buildings and land under the Rights to Build certificate “HGB” No. 876 located in Kecamatan Pulo Merak, Cilegon covering an area of 315,380 m2 with a guarantee value of US24,000 Note 13. Perjanjian pinjaman mencakup pembatasan, antara lain, tanpa persetujuan tertulis dari bank, Perusahaan tidak diperkenankan mengubah kegiatan usahanya. The loan agreement includes restrictions, among others, without prior written notice from the bank, the Company is not permitted to change its scope of activities. PT Bank DBS Indonesia Bank DBS PT Bank DBS Indonesia Bank DBS Perusahaan memperoleh fasilitas perbankan dari Bank DBS dengan jumlah maksimum sebesar US100.000 yang dapat digunakan sebagai fasilitas kredit impor. Fasilitas kredit ini akan berakhir pada tanggal 4 November 2014. Saldo terutang atas fasilitas ini sebesar nihil dan US53.732 pada tanggal 31 Maret 2014 dan 31 Desember 2013. Fasilitas ini dikenakan bunga tahunan sebesar SIBOR+1,0 untuk fasilitas Letter of Credit Impor dan Cost of Fund CoF +1,0 untuk fasilitas Trust Receipt. The Company obtained a banking facility from Bank DBS with a maximum amount of US100,000 which can be used as import credit facility. This facility will expire on November 4, 2014. The outstanding payables related to this facility amounted to nil and US53,732 as of March 31, 2014 and December 31, 2013. This facility bears annual interest at SIBOR+1.0 for Letter of Credit Import facility and Cost of Fund CoF +1.0 for Trust Receipt facility. Perjanjian pinjaman mencakup pembatasan, antara lain, tanpa persetujuan tertulis dari bank, Perusahaan tidak diperbolehkan menjamin pihak ketiga, melakukan merger atau akuisisi dan memelihara rasio lancar minimum 1,0 kali, rasio utang terhadap ekuitas maksimum 2,5 kali serta rasio kecukupan arus kas untuk pembayaran pinjaman dan bunganya Debt Service Coverage Ratio minimum 100. The loan agreement includes restrictions, among others, without prior written notice from the bank, the Company is not permitted to provide guarantee to third party, to conduct merger or acquisition and maintain current ratio at a minimum of 1.0 time, debt to equity ratio at a maximum of 2.5 times, and debt service coverage ratio at a minimum of 100. PT KRAKATAU STEEL PERSERO Tbk DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN INTERIM Pada Tanggal 31 Maret 2014 dan 31 Desember 2013 Disajikan dalam ribuan Dolar AS dan dalam jutaan Rupiah, Kecuali Dinyatakan Lain PT KRAKATAU STEEL PERSERO Tbk AND SUBSIDIARIES NOTES TO INTERIM CONSOLIDATED FINANCIAL STATEMENTS As of March 31, 2014 and December 31, 2013 Expressed in thousands of US Dollar and in million Rupiah, Unless Otherwise Stated 87 15. PINJAMAN BANK JANGKA PENDEK lanjutan 15. SHORT-TERM BANK LOANS continued